Insurance news

• Man charged for attack on Aviva mobile phone system

  21-01-2015 17:19
  
  Katie Marriner Postonline
  
  
  A man who carried out an attack on Aviva's mobile phone system has been charged today (21 January) by the South East Regional Organised Crime Unit.
  
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• Find a Broker passes 150,000 mark

  21-01-2015 16:39
  Thousands of elderly customers helped with access to insurance
  
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• James Fairhurst joins Brightside Group as CIO

  21-01-2015 16:29
  
  Fairhurst previously occupied the same role at Hastings Insurance Services.
  
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• Admiral embarks on hiring spree

  21-01-2015 16:12
  Motor insurer seeking to fill 250 posts
  
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• Carole Nash launches exclusive car policy for bike licence holders

  21-01-2015 15:20
  
  Specialist broker claims motorcyclists make safer road users.
  
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• Biba: No levy for brokers is very good news

  21-01-2015 14:53
  
  The trade body says brokers have previously been paying too much and that the model needs reworking.
  
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• Pen looking to expand product offering and branches in 2015

  21-01-2015 13:21
  
  Katie Marriner Postonline
  
  
  Arthur J Gallagher's Pen Underwriting has outlined plans to grow its product offering and branch network this year.
  
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• AXA to cut jobs as claims divisions merge

  21-01-2015 13:08
  13 middle managers will be made redundant as a result of the new combined brokered and direct claims division
  
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• Oamps boss Howard Pearson leaves Gallagher

  21-01-2015 13:02
  
  The head of Oamps UK left the broker in December following the integration of Oamps into Gallagher.
  
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• Axa claims merger results in middle management job cuts

  21-01-2015 12:26
  
  Callum Brodie Postonline
  
  
  The merger of Axa’s UK claims division into a single operation has been completed at the expense of up to 13 middle management redundancies.
  
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• Payton to set up new facultative business at Capsicum

  21-01-2015 12:21
  Veteran will join Arthur J Gallagher-backed reinsurance broker later this year
  
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• Reports: S&P to be hit with SEC ban from mortgage market

  21-01-2015 12:14
  Standard & Poor's (S&P) is due to be suspended from
  rating bonds in the biggest portion of the commercial mortgage
  market as part of a $60mn settlement with the US Securities
  Exchange Commission (SEC), Bloomberg has reported.
  It is thought that the forthcoming deal, reported last night (20
  January), could be announced as soon as today, and is the strongest
  action yet from the SEC over ratings agencies' role in the
  financial crisis.
  A number of (re)insurers continue to invest...
  
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• Post magazine – 22 January 2015

  21-01-2015 12:11
  
  Post Online Postonline
  
  
  The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
  
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• Blog: On the tenth anniversary of Insurance Mediation Directive

  21-01-2015 12:00
  
  Rachael Adams Postonline
  
  
  On 15 January 2015 the Insurance Mediation Directive will be 10 years old. So how have things changed since?
  
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• Pen Underwriting launches commercial combined product

  21-01-2015 11:48 via insuranceage.co.uk
  
  Gallagher-owned business said the product is its first own-branded bespoke solution.
  
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• Gallagher’s Pen MGA launches mid-market commercial combined product

  21-01-2015 11:21
  New product backed by A-rated capacity
  
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• 85 insurers gain Guernsey licence in 2014

  21-01-2015 11:19
  
  Katie Marriner Postonline
  
  
  The Guernsey Financial Services Commission licensed 85 new international insurers during 2014 - 35% of which were UK-owned.
  
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• Pen Underwriting launches commercial offering

  21-01-2015 11:04
  
  Katie Marriner Postonline
  
  
  Pen Underwriting has launched its first own-branded product; a commercial solution for the mid-market.
  
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• Brightside and Covea seal private car deal

  21-01-2015 10:57
  Insurer’s product will be on offer to broker’s online and affinity partners
  
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• Brightside and Covéa seal private car deal

  21-01-2015 10:57
  Insurer’s product will be on offer to broker’s online and affinity partners
  
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• OAMPS UK head Howard Pearson leaves Gallagher

  21-01-2015 10:49
  Pearson “fundamental” to the integration of OAMPS teams into its new parent
  
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• London-based brokers' earnings to rise in 2015, survey says

  21-01-2015 10:18
  
  Increases in demand and ongoing regulatory developments driving pay rises, according to a survey.
  
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• PaCRe put under review with negative implications by AM Best

  21-01-2015 10:17
  Ratings agency AM Best has put PaCRe's A- financial strength
  rating under review with negative implications after the carrier
  revealed a shortfall in its overall performance compared to its
  business plan.
  The hedge fund-backed start-up reinsurer's issuer credit
  rating of "a-" was also put under review with negative
  implications.
  AM Best said that much of the shortfall was due to significant
  unrealised investment losses relating to the reinsurer's
  alternative asset strategy.
  
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• Prosight announces deal with British Mountaineering Council

  21-01-2015 09:29
  
  Katie Marriner Postonline
  
  
  Prosight Specialty Underwriters has agreed a deal to write a specialist travel insurance scheme for members of the British Mountaineering Council.
  
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• Aviva and Zurich supply funding for meso research

  21-01-2015 09:08
  £1m donation will contribute towards studies into asbesto-related cancer
  
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• Emerging Asia's premiums grew 12.7% in 2014, says Swiss Re

  21-01-2015 08:08
  
  Andrew Tjaardstra Postonline
  
  
  General insurance premiums in Asia grew 6.6% when stripping out inflation in 2014 according to reinsurance giant Swiss Re with emerging Asia leading the way.
  
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• Ace's Kerr promoted in Australasia reshuffle

  21-01-2015 07:42
  
  Andrew Tjaardstra Postonline
  
  
  Ace's state manager Queensland Stuart Kerr has been promoted to casualty manager for Australia.
  
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• Quindell shares jump 11% as big-name asset managers buy stakes

  21-01-2015 07:30
  Soros Fund Management and Hargreaves Lansdown now among top shareholders
  
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• Aviva and Zurich pledge £1m funding for mesothelioma research

  21-01-2015 07:20
  
  Callum Brodie Postonline
  
  
  Insurance companies Aviva and Zurich will donate a combined £1m over two years to the British Lung Foundation’s research programme into the asbestos-related cancer mesothelioma.
  
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• Third Point Re 2014 profits to slide on weaker investment returns

  21-01-2015 00:19
  Third Point Re expects net profits for 2014 to be down by 77 to 79
  percent on the prior year despite an improvement in its
  underwriting results.
  The Bermudian hedge fund reinsurer released estimated financial
  and operating results as it filed documents today (20 January) in
  relation to a debt offering by its newly formed US subsidiary.
  In documents filed with the Securities & Exchange
  Commission, the company said it expects full-year net profits of
  $47.4mn to $53.4mn, compared to...
  
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